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. >> ironically would probably increase our deficit. it is absurd. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more s
. >> ironically would probably increase our deficit. it is absurd. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an...
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Jan 13, 2013
01/13
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you said the deficit we should focus on is the jobs deficit. >> is our biggest deficit, the jobs deficit. if you get people back to work, they are carrying -- paying their fair share of taxes. the treasury is receiving revenue. if the treasury is renewing -- is receiving more revenue, the deficit shrinks. we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very aggressive cuts to services and earned benefits, you are not helping the economy grow. the jobs deficit, to me, is the biggest deficit we face. but we have a lot of other challenges. social security medicare are among bashar not among the most immediate challenges. if you ash social security and medicare are not among the most immediate challenges. we have paid some $15 trillion in payroll tax to take care of social security benefits. how much have we actually used in benefits received by all americans? $14 trillion. we have a one dollar trillion -- $1 trillion in cash. all the trillions of dollars we have paid t
you said the deficit we should focus on is the jobs deficit. >> is our biggest deficit, the jobs deficit. if you get people back to work, they are carrying -- paying their fair share of taxes. the treasury is receiving revenue. if the treasury is renewing -- is receiving more revenue, the deficit shrinks. we can grow the economy. the best way to do that is to put american, middle-class workers back to work. to me, every time you talk about stifling the economy through these very...
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deficit. the president of the united states -- it is laughable that he would talk about republicans not being responsible on debt issues. when this president has been in the white house sin january 20, 2009, and he's yet to do anything significant on social security or medicare. he cut medicare. so he can start a new entitlement program. that's -- not making medicare more sol vent. he doesn't done anything to curb the cost of medical expenses which he said he was going do. he did nothing. he struck back room deals with hospitals, with special interests, and now he's saying republicans are being reckless? no, no. at some point it becomes more reckless to continue raising the debt ceiling without having democrats come forward with a budget, by the president of the united states, coming forward with a plan to save medicare, medicaid, and social security. we had erskine bowles on. he was very clear. steve ratner agrees. zeke emanuel agrees. democrats, good democrats, agree. that medicare and medic
deficit. the president of the united states -- it is laughable that he would talk about republicans not being responsible on debt issues. when this president has been in the white house sin january 20, 2009, and he's yet to do anything significant on social security or medicare. he cut medicare. so he can start a new entitlement program. that's -- not making medicare more sol vent. he doesn't done anything to curb the cost of medical expenses which he said he was going do. he did nothing. he...
SFGTV: San Francisco Government Television
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Jan 19, 2013
01/13
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supervisor chu: we know that our budget deficit is a significant one. at the moment, blooms are around $380 million -- at the moment, it looms around $380 million. we could not meet that gap. i think the city needs to take a balanced approach, and if you take a look at previous years, we have taken a look at things like where are fee revenues, what do those look like? where are the changes in other revenue pictures, whether it is transfer tax or hotel tax or other things that help to improve the picture. in addition to that, how is it that we can really control some of our expenses? i think that in order to address the $380 million budget deficit, we really have to take a look at both sides, revenue side as well as the cost side of things, and i think there are certain things that the city can do right now that might that not impact this year's budget or -- that might not impact this year's budget for next year's budget but will have a long-term effect. i mean pension reform and some of the ways we calculate those liabilities. those will be important to
supervisor chu: we know that our budget deficit is a significant one. at the moment, blooms are around $380 million -- at the moment, it looms around $380 million. we could not meet that gap. i think the city needs to take a balanced approach, and if you take a look at previous years, we have taken a look at things like where are fee revenues, what do those look like? where are the changes in other revenue pictures, whether it is transfer tax or hotel tax or other things that help to improve...
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Jan 21, 2013
01/13
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we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things do not zap our initiative, they strengthen us. [ applause ] they do not make us a nation of takers, they free us to take the risks that make this country great. [ cheers and applause ] we, the people, still believe that our obligations as americans are not just to ourselves but to all poste
we must make the hard choices to reduce the chosts of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers and applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the...
SFGTV: San Francisco Government Television
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Jan 15, 2013
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four years ago we had a 500 million dollar budget deficit, that would affect services for people all over san francisco; we would have to pay more for services and have services cut; where we needed it most. i felt the first year as chair of the budget committee, i learned so much about my abilities and how to make difficult stands on issues, and how to have working relationships with people going forward. i work closely with the mayor's office and with organizations across the city. in spite of difficult choices i feel i made the right choices; i always voted with my conscience and i'm proud of that. i'm excited to see the changes happening in district 11. four years ago we were really shaken hard by the high level of violence and homicides in our district. what was great to see in district 11 were places where there was a focus of some of the violence; neighbors came together and made the neighborhood stronger, particularly around athens street, you have a beautiful community garden there, at athens and avalon that will be dedicated in a couple of weeks now. we have a new neighbor
four years ago we had a 500 million dollar budget deficit, that would affect services for people all over san francisco; we would have to pay more for services and have services cut; where we needed it most. i felt the first year as chair of the budget committee, i learned so much about my abilities and how to make difficult stands on issues, and how to have working relationships with people going forward. i work closely with the mayor's office and with organizations across the city. in spite...
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Jan 21, 2013
01/13
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the debt, deficit, entitlement reform. immigration, foreign policy problems tend to be incredibly important in second terms as presidents realize, while they become lame ducks that advancing domestic agenda legislation is very difficult. we'll see the president likely travel more and deal with much of his international legacy. trying to wrap up his second term as best he can with so much unfinished foreign policy business he inhurted from bush administration. buckle up, jeff. not with standing the poet's kind words and the president's lofty rhetoric, washington tomorrow goes back into the being the political crawl city it has been in past years and likely to escalate more so. happy day, shep. shepard: happy day. at least we have today and men and women from both political parties, from the far right, far left and all of those in the middle, they're about to sit down for some individual tils. happy they are all are, dvittles. secretary lew and the rest for new cabinet sick tears all with fights ahead. we seen former preside
the debt, deficit, entitlement reform. immigration, foreign policy problems tend to be incredibly important in second terms as presidents realize, while they become lame ducks that advancing domestic agenda legislation is very difficult. we'll see the president likely travel more and deal with much of his international legacy. trying to wrap up his second term as best he can with so much unfinished foreign policy business he inhurted from bush administration. buckle up, jeff. not with standing...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
01/13
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our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billion came in, they thought they were king of the mountain and spend it. arnold came in to clean it up. a couple years later, he left town and $26 billion this year. this has been the nature for the last decade, kicking the can down the road. not talking straight. the way it is. the way it is, it is a tale of two cities. there is fabulous wealth and link electronics, inc. model number: pdr-885 software version: 3.0c in some places it would be food or shelter or lov
our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was...
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Jan 17, 2013
01/13
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it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military health care costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion in 2001. >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love, the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won'
it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military health care costs...
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Jan 13, 2013
01/13
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he's a liberal deficit hawk. he's got very strong views on the safety net and funding of government but he really does believe in doing what can be done to reduce deficits ?ee.'s coming at that time beginning of president obama's second term. second terms are rough. they eventually lead into lake duckery. people jump ship who are working for him. sew needs a strong group to handle the deficiencies that are inherent in a second term. you understand me? >> i understand. i think that's right. >> now, is lew the guy that can do this for him? can he protect him and keep him alive in the sense of politically alive, of course, and keep him vibrant as president? >> look, up to a degree, he can do that. but ultimately still most of the major policy is at the desk of the president. when he said that he was the man who was responsible for three surpluses under bill clinton, let me tell you, bill clinton had three different programs to reduce the budget deficit and bring about that. so it was a presidential decision. it's no
he's a liberal deficit hawk. he's got very strong views on the safety net and funding of government but he really does believe in doing what can be done to reduce deficits ?ee.'s coming at that time beginning of president obama's second term. second terms are rough. they eventually lead into lake duckery. people jump ship who are working for him. sew needs a strong group to handle the deficiencies that are inherent in a second term. you understand me? >> i understand. i think that's...
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he said trimming the budget deficit should be a different discussion separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look at that. you could wade in and be bitten, eaten. last year there were a total of 11 shark attacks in hawaii. >> that's what i call dangerously close. >> oh, my goodness. >> so some people in the southeast waking up to the dual danger of flooding and ice. alexandra steele in the weather center. good morning. >
he said trimming the budget deficit should be a different discussion separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are...
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Jan 18, 2013
01/13
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that's the point of that study and, of course, paul krugman reiterated that deficits are actually not bad, especially when you're in a recessionary environment and that we've actually cut a lot out of the spending. but my concern in all this, while $2.4 trillion is a lot of money to cut over ten years, i'm still concerned about the absolute amount of the debt outstanding which is $16.4 trillion because we've been getting a big break in recent years because the fed has kept interest rates so low. when those interest rates start ticking up, as they would when they end their quaun at this taf easing program and as they would if we don't get the debt ceiling raised, then that cost of interest expense is going to go through the roof. we could be spending as much as $500 billion a year on interest expense alone and that is not a good thing. >> all right. nbc's luke russert and bill cohen -- william cohen, sorry. thank you so much for joining me. >>> next, we'll go to the bous for all of the last-minute detai details. for you... ♪white house for all of the last-minute details. inging the h
that's the point of that study and, of course, paul krugman reiterated that deficits are actually not bad, especially when you're in a recessionary environment and that we've actually cut a lot out of the spending. but my concern in all this, while $2.4 trillion is a lot of money to cut over ten years, i'm still concerned about the absolute amount of the debt outstanding which is $16.4 trillion because we've been getting a big break in recent years because the fed has kept interest rates so...
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Jan 20, 2013
01/13
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he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president is a deficit hawk. >> i'm afraid ezra is right in describing what we are going to be obsessed with. there are a lot of big things left. we had inequality rising in the country for three decades. poverty going up because of the recession. it's a big problem in the country. we had the flight of manufacturing jobs until recently. there's a bit of a turn around there. it seems to me president obama's biggest priority should not be the deficit. it should be restoring shared economic growth. yes, we need to do something about the long term deficit. i think the big argument is going to be between people who want to argue that the whole deal is deficit reduction. let's spend all our time putting on our green eye shades and talking these numbers. ezra will be excellent in desc
he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president is a deficit hawk. >> i'm afraid ezra is right in describing what we are going to be obsessed with. there are a lot of big things left. we had inequality rising in the country for three decades....
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we have begun to reduce our deficit through a balanced mix of spending cuts and reforms to a tax code that at the time when we both came in was skewed in favor of the wealthy at the expense of middle class americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, he has been a wonderful friend and dependable advisor the out these last four years. there is an unofficial thing at treasury -- no peacocks commager, no winners. that would be a good saying for all of washington. few embody that ideal better than tim geithner. that is why when he was thinking about leaving a couple of years ago, i had to personally get on my knees with carol to help convince him to stay on a little bit longer. i could not be more grateful to carol and the entire family for letting him make
we have begun to reduce our deficit through a balanced mix of spending cuts and reforms to a tax code that at the time when we both came in was skewed in favor of the wealthy at the expense of middle class americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, he has been a wonderful friend and dependable advisor the out these last four years. there is an...
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Jan 16, 2013
01/13
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is the deficit gone completely at this point? >> the budget is fixed. i inherited a $27 billion deficit. that's what it was two years ago. that's gone. this budget will be balanced. nois i safe from y contingency? no, the world is changing and turbulent. is it going to get worse? then we'll get less money. number two, the federal government often blocks budget reduction that we make in the social services. sometimes we win. sometimes we lose. number 3 we're going to be part of the health care act, president obama's health care plan by expanding our medi-cal program to low-income families. he is promising 100% of the co cost. now, wh if, because of the cliff negotiations and the debt, maybe they'll renege on that. >> reporter: you're being kind of careful here. >> what i'm saying is that people need to understand that a budget is like a piggy bank. the money is in there. no, the money comes in every sniesm day and the spending goes out every day. we are in a position for the first time in 15 years where we can say this year's budget will be balanced and
is the deficit gone completely at this point? >> the budget is fixed. i inherited a $27 billion deficit. that's what it was two years ago. that's gone. this budget will be balanced. nois i safe from y contingency? no, the world is changing and turbulent. is it going to get worse? then we'll get less money. number two, the federal government often blocks budget reduction that we make in the social services. sometimes we win. sometimes we lose. number 3 we're going to be part of the health...
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01/13
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. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're
. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without...
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. >> the seahawks erased a 20 pot halftime deficit against the falcons, and they go ahead one on this marshawn lynch into the endzone...now lynch fumbled it but video review shows he already broke the plane, with 13 seconds left...the falcons in fieldl range...pete carroll calls a timeout right before matt bt missed his kick...but bryant nailed the one that counted...the falcons avoidn epic collapse and win 30-28o the 49ers will pack their bags for atlanta onto afc where it will be a remah of last year's championship game...tom brady threw 3 touchdowns, 2 to cal product shane vereen, 41-28r the texans...ravens and pats next sunday night warriors denver, they led by 8 headi into the 4th where it was a complete meltdown...ty lawsn the layup drill...warriors outscored 38-17 in the final quarter...those faces tell all...116-105 warriors lose the cal women got revenge on their bay area rival...brittany boyd one o6 cal threes on the day...67- 55...stanford loses for the second straight time at maples...and their 82 game conference win stre snapped thanks, dennis that does it for eyewitnesss
. >> the seahawks erased a 20 pot halftime deficit against the falcons, and they go ahead one on this marshawn lynch into the endzone...now lynch fumbled it but video review shows he already broke the plane, with 13 seconds left...the falcons in fieldl range...pete carroll calls a timeout right before matt bt missed his kick...but bryant nailed the one that counted...the falcons avoidn epic collapse and win 30-28o the 49ers will pack their bags for atlanta onto afc where it will be a...
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Jan 15, 2013
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carolina has said, a deficit crisis of huge proportions. with an economy that's fighting to recover, and any expenditure must be weighed against all other needs facing our nation. now, i don't take the backseat to anyone when it comes to cutting spending. since i have chaired this committee, the last two years we've cut $100 billion off of discretionary spending. two years in a row going on a third. that's not happened since world war ii. so i know where i speak. in this case, madam chair, the needs are very desperately clear. we must provide this emergency funding as we are allowed by law without the devastating slash and burn cuts elsewhere that this amendment would cause. the amendment before us would splash nearly $20 billion from discretionary spending this year alone, totally indiscriminant, unspecific, cutting the good and the bad, completely abdicating the responsibility of congress to determine where spending should or should not occur. to put this in perspective, this amendment contains a cut to regular discretionary spending that
carolina has said, a deficit crisis of huge proportions. with an economy that's fighting to recover, and any expenditure must be weighed against all other needs facing our nation. now, i don't take the backseat to anyone when it comes to cutting spending. since i have chaired this committee, the last two years we've cut $100 billion off of discretionary spending. two years in a row going on a third. that's not happened since world war ii. so i know where i speak. in this case, madam chair, the...
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Jan 14, 2013
01/13
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ironically, the whole fiasco actually added to the deficit. so it shouldn't be surprising given all of this talk about the -- that the american people think washington is helping there -- rather than hurting. let's finish this debate. let's give our businesses and the world the certainty that our economy and reputation are still second to none. we pay our bills, we handle our business. and then we can move on because america has a lot to do. we have to create more jobs. we have to boost wages and we have to reach for energy independence. we have to give our children the best education possible and we have to do everything we can to protect them from the horrors of gun violence. let me say i'm grateful to vice president biden for his work on the -- on this issue, gun control violence and for his proposals, that i will be reviewing today and intend to vigorously pursue. >> with that i'm gonna take some questions and i'm gonna start with julie of a.p. and i want to congratulate her for this new important job. >> thank you very much. >> i wanted t
ironically, the whole fiasco actually added to the deficit. so it shouldn't be surprising given all of this talk about the -- that the american people think washington is helping there -- rather than hurting. let's finish this debate. let's give our businesses and the world the certainty that our economy and reputation are still second to none. we pay our bills, we handle our business. and then we can move on because america has a lot to do. we have to create more jobs. we have to boost wages...
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Jan 14, 2013
01/13
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CNBC
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governor jerry brown saying he will have balanced budget after years of massive deficit. but is it real? probably not, say budget expert. they say that december money was probably a one-off tied to the fiscal cliff. the wealthy taking gains in december to avoid higher tax rates in 2013. revenues from the new california tax they say won't really kick in until this quarter or later in 2013 as brad williams a california budget expert told me, quote, we suspect the added revenues were related to the federal tax changes rather than the new state tax rates. now it all shows that california is more dependent than ever on the wealthy. the top 1% of earners, remember they pay up to half of the state's total income taxes but revenues from the rich are now harder than ever to predict. back to you guys. >> thank you, robert. let's go to michelle ka brumich >> you will have a lot more cartoons available on the kid section only and also the exclusive video streamers of the new seasons of dallas. as you can see, getting a big texas more with more than 2%. back to you, tyler. >> thank yo
governor jerry brown saying he will have balanced budget after years of massive deficit. but is it real? probably not, say budget expert. they say that december money was probably a one-off tied to the fiscal cliff. the wealthy taking gains in december to avoid higher tax rates in 2013. revenues from the new california tax they say won't really kick in until this quarter or later in 2013 as brad williams a california budget expert told me, quote, we suspect the added revenues were related to...
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Jan 14, 2013
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there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so far, we've actually had $2.4 trillion over a ten-year period of deficit reduction. but about 30% of it has come from rev lienue increases and at the other 70% from come from spending cuts. entirely from discretionary programs. >> what's the budget control act? >> it's what came out of the last debt ceiling debacle when the republicans and the democrats agreed on this trillion dollars of roughly discretionary -- all discretionary spending reductions. but the point is, none of this really touches entitlements. none of it touches the mandatory. and its $2.4 trillion. >> wh
there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so...
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Jan 19, 2013
01/13
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it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a r
it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its...
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Jan 13, 2013
01/13
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KPIX
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the two sides were no closer than ever on deficit reduction. all that was as a showdown on gun control looms after the new shooting. >> the
the two sides were no closer than ever on deficit reduction. all that was as a showdown on gun control looms after the new shooting. >> the
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459
Jan 14, 2013
01/13
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KGO
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and ironically would probably increase our deficit. so, even to entertain the idea of this happening of the united states of the america not paying its bills is irresponsible. it's absurd. agsz the speaker said two years ago, it would be and i'm quotings speaker boehner now, a financial disaster not only for us but for the worldwide economy. so, we got to pay our bills. republicans in congress have two choices here, they could act responsibly and pay america's bills. or they could act irresponsibly and put america through another economic crisis. but they will not collect a ransom for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america, is not a bargaining chip. and they better choose quickly because time is running short. last time republicans in congress even flirted with this idea, our triple a credit rating was downgraded. our businesses created the f fewest jobs in any months. and the whole fiasco actually added to
and ironically would probably increase our deficit. so, even to entertain the idea of this happening of the united states of the america not paying its bills is irresponsible. it's absurd. agsz the speaker said two years ago, it would be and i'm quotings speaker boehner now, a financial disaster not only for us but for the worldwide economy. so, we got to pay our bills. republicans in congress have two choices here, they could act responsibly and pay america's bills. or they could act...
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Jan 18, 2013
01/13
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FBC
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eye 90
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.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the pension obligations. >> not sandy know, vallejo, a compton, a stockton or any of their city. they are failing. john: i hear there is more civil society? volunteers working in the animal shelter, park maintenance, a neighborhood watch is starting to blossom? >> bay plant their city back. they take it themselves. so the private solution is always better. john: that is where you go when the government spends of the many. next we take this problem and see what it does to the whole state. it is not pretty. you know how to mix business... with business. and you...r
.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank account. john: the politician said we did not see it coming. they owed 46 million with panetta thousand of the bank? >> they're required to put 1.8 million dollars per month into koppers. john: they tried to raise money through fees like expensive parking tickets. >> i paid $500. >> but he was going 90 in the school's own. john: with that does not cover the...
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99
Jan 15, 2013
01/13
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FOXNEWSW
tv
eye 99
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the problem is we deficit spend about 3 to 4 billion dollars a day. we collect, we spend about 10 billion a day and that means that we deficit. we have to borrow 3 to 4 billion dollars a day. we spend more than 700 million dollars a day in interest on a national debt. there are lots of things to do. the president has lots of discretion to curb back that spending to make sure that social security payments are paid, interest is paid we don't default on our debt. >> greta: you know, when he voted as a u.s. senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to uphold the constitution and leave this country better than how we
the problem is we deficit spend about 3 to 4 billion dollars a day. we collect, we spend about 10 billion a day and that means that we deficit. we have to borrow 3 to 4 billion dollars a day. we spend more than 700 million dollars a day in interest on a national debt. there are lots of things to do. the president has lots of discretion to curb back that spending to make sure that social security payments are paid, interest is paid we don't default on our debt. >> greta: you know, when he...
SFGTV: San Francisco Government Television
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52
Jan 15, 2013
01/13
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SFGTV
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first came to office, the class of 2008, a supervisor avalos pointed out, we had half 1 billion dollars deficit; that is a quarter of the size today. what the pension reform, america's cup, construction cranes along the city, we passed -- when our founding fathers set up our democratic system of government they envision that the legislative branch would not be neat and tidy. it is messy. we balance the community's interest as we meet the challenges today. we still have a lot of work to do. this morning i was almost late to supervisor breed's swearing-in. my bike lights got stolen, then the muny bus was late, and i had trouble catching a cab. together we have much to do. i have literally dozens of friends who have moved from the city after they found a lifelong partner, had a baby, and decided they could not afford to live in the city. together we have to do better at reversing families like and making sure that everyone who wants to gets to live in san francisco. we still have too many young people who are not graduating from high school; too many young people who did not have jobs; too many yo
first came to office, the class of 2008, a supervisor avalos pointed out, we had half 1 billion dollars deficit; that is a quarter of the size today. what the pension reform, america's cup, construction cranes along the city, we passed -- when our founding fathers set up our democratic system of government they envision that the legislative branch would not be neat and tidy. it is messy. we balance the community's interest as we meet the challenges today. we still have a lot of work to do. this...
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Jan 17, 2013
01/13
by
FBC
tv
eye 88
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is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, somet
is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to...
124
124
Jan 15, 2013
01/13
by
CSPAN2
tv
eye 124
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we don't have that kind of capability in the federal government to add the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is? >> guest: technology aspect is manifold. and price performance improves every 18-24 mocks. in the last year we have gotten into the innovation cycle in batteries so by the end of 2020 electric vehicles will actually be price competitive with grass-driven cars. the problem with these things is that we can't wait. we can't wait because of the environmental effects and we can't wait because we need the economy to grow quickly right now. so the book lays out a whole bunch of different ideas for bringing private investment much more quickly into the job of rebuilding the power grid. >> host: on this show, a series on the international power plant, and he doesn't necessarily agree that the internet is completely green or is terribly green. what is your thought? >> guest: he is right about that. people say that data centers in
we don't have that kind of capability in the federal government to add the deficit. so you have to open the door to private investment to do this job of rebuilding the power platform in the united states. >> host: and the technology aspect of that is? >> guest: technology aspect is manifold. and price performance improves every 18-24 mocks. in the last year we have gotten into the innovation cycle in batteries so by the end of 2020 electric vehicles will actually be price...
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185
Jan 14, 2013
01/13
by
KRON
tv
eye 185
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and ashley added to the deficit. it should not be surprising giving all this talk that washington is hurting rather than helping the country at the moment. they see our representatives and sound with partisan brinksmanship over paying our bills. they overwhelmingly want to focus on growing the economy and creating more jobs. let us finish this debate. give our businesses and the world of the certainty that our economy and reputation are still second to none. we pay our bills, we have all our business and we move on because america has a lot to do. we had to create more jobs and boost the wages of those who have worked. we have to reach for energy and independence we have didn't reach for our immigration system we have to give our children the best education possible and protect them from the horrors of gun violence. let me say i am grateful to vice-president joe biden for his work on this issue of gun violence and for his proposals which i will be reviewing today. i will address of the next few days. with that, i wil
and ashley added to the deficit. it should not be surprising giving all this talk that washington is hurting rather than helping the country at the moment. they see our representatives and sound with partisan brinksmanship over paying our bills. they overwhelmingly want to focus on growing the economy and creating more jobs. let us finish this debate. give our businesses and the world of the certainty that our economy and reputation are still second to none. we pay our bills, we have all our...
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113
Jan 15, 2013
01/13
by
CURRENT
tv
eye 113
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why can't we get a deal done on the deficit? is it that republicans refuse to raise taxes or is there more to it. >> you look at every fight whether its fight over the debt ceiling, fight over guns, immigration, and you're going to see brutal fights. why? this is one of the most polarized congresses we've had in years. you have democrats and republicans who make up the majority occupying very conservative districts. there is very little political incentive for either party to come together and making a deal, and republicans bringing the nation to a government shut down may makes sense to them. >> john: you talked about how obama managed to drive a wedge between red state republicans and blue state republicans. is that what he's trying to do on the debt ceiling debate as well. >> you can the white house adopt a divide and conquer strategy for quite a bit of time. there are 85 house republicans who voted yes on the bill and created the margin it needed to pass. here's the interesting thing of those 85 republicans who voted yes. 70
why can't we get a deal done on the deficit? is it that republicans refuse to raise taxes or is there more to it. >> you look at every fight whether its fight over the debt ceiling, fight over guns, immigration, and you're going to see brutal fights. why? this is one of the most polarized congresses we've had in years. you have democrats and republicans who make up the majority occupying very conservative districts. there is very little political incentive for either party to come...
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110
Jan 15, 2013
01/13
by
CSPAN
tv
eye 110
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the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and then we can move on, because america has a lot to do. we have to create more jobs, boost the wages of those that have worked and reached for energy independence, reformed immigration system. we have to give our children the best education possible and do everything we can to protect them from the horrors of gun violence. i am grateful to vice president biden for his work on this issue of gun violence and for his proposals, which i will review later today and address in the next few days and intend to vigorous
the deficit. so it should not be surprising, given all the talk, the it the american people think washington is hurting rather than helping the country at the moment. they see their representatives concerned over paying the bills while they overwhelmingly want to focus on growing the economy and creating more jobs. so let's finish this debate and give it businesses and the world the certainty our economy and reputation are still second to none of. we pay our bills. we handle our business, and...
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Jan 17, 2013
01/13
by
CSPAN2
tv
eye 67
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impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer retirement than had occurred in 1995. this is a very serious issue. currently the social security retirement is a pay-as-you-go system that provides more annual benefits than the payroll tax collectors. if left alone, this eventually will lead to insolvency particularly with the rapidly increasing number of baby boomers retire in every day as was referred to by maya and louis. there isn't time today nor do i have the proven expertise to suggest specific solutions it's important that the contras and the administration analyze acceptable me
impact of extended deficit financing. the longer term problem is to a very large extent the product of the key entitlement programs that are in a part of part of the nation's safety net for the elderly. slowing the growth of spending in the nation's in title at program can help make these programs secure for current and future workers and we think that's very important. by 2035, there will be only two workers per beneficiary and a typical 65-year-old retiree would have about a 50% longer...
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153
Jan 16, 2013
01/13
by
FOXNEWSW
tv
eye 153
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adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses what the president has told at the white house, we don't have a spending problem. it's because of this healthcare problem. >> i mean this is so riddled with mistakes, it's hard to list them all. as you know and previous guest gary made clear, the problem is entitlement spending. if you add new entitlement, you have a bigger problem. it goes the wrong direction. insurance costs are high for two reasons. healthcare costs are high and insurance has to pay for operations on top of that and all obamacare did was add new regulations and insurance costs. it made the bill go up and
adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses...
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124
Jan 15, 2013
01/13
by
FBC
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eye 124
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. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the problem is, you are offering a countervailing you. the republicans, with all due respect, are not. there is not an alternative narrative, not pushing the president to negotiate, and he is not talking to anybody. lou: i love this comment. the president saying of the second amendment is not whether we believe in the second member not. you have to literally hear this to believe it. but. >> the issue here is not whether or not we believe in the second amendment. the issue is, are there sensible steps that we can take to make sure that somebody like the individual in newtown cannot walk into a school and gun down
. >> this is turning stuff, and the president is saying things like not to worry about the deficit. that is really for the proletarian, the more pedestrian takers among master of the deficit, the sustainable that. this is abject non says that he is doing, and he is being hailed by the national liberal media as some sort of -- some sort of articulation. >> i am one of those who is in the center, a supporter of the bowls' simpson planned and i agree with your characterization the...
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112
Jan 15, 2013
01/13
by
KGO
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eye 112
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. >> critics say california would still have a deficit. >> if making payments we needed to pay for benefits, we'd be $9 billion in the hole. so the only way you can show we're not is by ignoring he's obligation autos the brown administration says ate dresses problems just not as fast as critics with like because there is only so much money and the state has more pressing needs. >> we're paying it down on a schedule basis, holding a line on spending. and we believe we've got a proven road map. >> the analyst has concerns about how schools are being given money that is an initiative to make campuses more energy efficient. being counted as part of per pupil spending. >> we've raised concerns over whether it meets language of prop 39. >> both agree that state budget could be turned upside down as soon as next n month if california receives less money from feds as a result of the negotiations in washington, d.c.. live in sacramento abc 7 news. >> thank you. >> former president bush left the hospital in texas today after bet battling illness. brompk kitis related cough sent hem to the hospital on
. >> critics say california would still have a deficit. >> if making payments we needed to pay for benefits, we'd be $9 billion in the hole. so the only way you can show we're not is by ignoring he's obligation autos the brown administration says ate dresses problems just not as fast as critics with like because there is only so much money and the state has more pressing needs. >> we're paying it down on a schedule basis, holding a line on spending. and we believe we've got a...